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A corporate bond with a $1,000 denomination and bearing a 10 percent coupon rate will mature in 10 years. The firms beta is 1.2. If

A corporate bond with a $1,000 denomination and bearing a 10 percent coupon rate will mature in 10 years. The firms beta is 1.2. If the current market rate of return is 8 percent for bonds of this nature, what is the current theoretical value of the bond (assume semi-annual interest payments)? Solve without a financial calculator

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